GulfWire Digest
A family of e-newsletters from the National Council on U.S.-Arab 
Relations & the U.S.-GCC Corporate Cooperation Committee

Newsletter #227                                                                                    Week of December 15-21, 2003

ABOUT GULFWIRE

GulfWire is a public service of the National Council on U.S.-Arab Relations and the U.S.-GCC Corporate Cooperation Committee

Publisher
Dr. John Duke Anthony
Editor-in-Chief
Patrick W. Ryan
Deputy Editor
Connie R. Trisdale
Editorial Assistant
Margaret Philpot
Research Assistant
B. F. Hammock

GulfWire@ArabiaLink.com

National Council on U.S.-Arab Relations
President and CEO: Dr. John Duke Anthony
U.S.-GCC Corporate Cooperation Committee
Secretary: Dr. John Duke Anthony
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Tel: 202.293.0801
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The GulfWire Links that appear at the end of Digest reports transport you to related GulfWire Digest reports available through the GulfWire On-Line Archive --  access to thousands of archived reports published in GulfWire every week since 1999. They provide the background and context you need to understand current developments.

Independent commentary provided in 'GulfWire' and materials contained in the linked Internet sites do not necessarily reflect the views of the National Council on U.S.-Arab Relations or the U.S.-GCC Corporate Cooperation Committee.  News extracts and links contained in GulfWire have been reported in various media.  GulfWire and the National Council on U.S.-Arab Relations/U.S.-GCC Corporate Cooperation Committee have not independently verified the accounts referred to and do not vouch for their accuracy or the reliability of Internet links. Internet links were active the day of publication in GulfWire.

VISIT THESE SITES

Link to Amazon


Catalog of Publications 
from the Emirates Center for Strategic Studies and Research
[more]
on ArabiaLink.com

 

HAVE YOU READ THESE ?

> The United States Must Not Neglect Saudi Arabian Investment  By Tanya C. Hsu
> Saudi-American Forum Interview Ambassador Chas W. Freeman - A Relationship in Transition
> Flogging the Arabs for Votes? The 2004 U.S. Presidential Election and the Middle East By David T. Dumke
> Remember Khobar Towers by Louis J. Freeh
> Saudi Suicide Bombings Act Against Al Qaeda
by Wyche Fowler 
and Edward S. Walker
> Don't Let Bin Laden Win!
by Anthony H. Cordesman
> The Approaching Turning Point: The Future of U.S. Relations with the Gulf States by F. Gregory Gause, III
> In the Eye of Yet Another Storm: US-Saudi Relations and the Iraqi Campaign
by Gregory J. H. Dowling
> Saudi Arabia: Winds of Change in the Desert
by Sandra Mackey
> The Prince
by Elsa Walsh
> US-Saudi Ties Prove 
Crucial In War
by Michael Dobbs



Amazon.com -- Affiliate Sales

 

MEANWHILE, OVER AT THE SAUDI-AMERICAN FORUM..

> "Terrorists Strike Riyadh Compound in Suicide Bombing - [Special Report #2]"
> "Terrorists Strike Riyadh Compound in Suicide Bombing - [Special Report #1]"
> "Perspectives on Developments in US-Saudi Relations:  A Saudi Woman Speaks on the Issues"
> "President Bush on Freedom in the Middle East"
> "Redeployment of the F-15 to Tabuk," by Anthony H. Cordesman
> "Saudization:  Development and Expectations Management," by Grant F. Smith
> "Behind and Beyond the Headlines:  Saudi Arabia," by Karen Miller Lamb
> "Correcting Misconceptions About Women's Role in Saudi Society," by Maha Akeel, Arab News staff
> "Saudi Arabian Crown Prince Abdullah Discusses Relations between Muslim and Non-Muslim Nations"
> " 'In Defense of the Nation':  Terror and Reform in Saudi Arabia," by James A. Russell
> "Strengthening Arab-US Relations:  What Is Required?  A Saudi View of the Palestine Problem," by Amr Khashoggi
> "U.S.-Arab Economic Forum:  One World.  Two Cultures.  Endless Possibilities."
> "HRH Prince Saud Al-Faisal Foreign Minister of the Kingdom of Saudi Arabia at the U.S. - Arab Economic Forum"

[more SAF items]

[more SUSRIS items]


In This Issue

O   News
  ·   Region
       - Saddam Hussein Captured
       - President Bush Signs Syria Sanctions Bill
       - GCC Meeting In Riyadh To Discuss Ban On Chemical Weapons
       - Critics Condemn Iraq Contract Ban
       - Annan Rules Out U.N. Return To Iraq In Near Future
       - Abdullah, Iraqi Minister Hold Talks
       - Japan Backs Iraq Troops Dispatch
       - Iraq Council Votes To Throw Out Iranian Opposition Group
       - Iraqi Refugees Return Home
       - Fingerprinting A Must For All US Visa Applicants
       - Bahrain Eases Residency Rule For GCC-Based Expatriates
       - ASDF Advance Team To Visit Qatar, Kuwait On Dec 25
   ·   Bahrain
       - Bahrain To Represent Baghdad In US
       - King Decorates Arroyo With Top Bahrain Medal
       - New Bahrain University To Open In February
       - Safe Houses For Abused
  ·   Kuwait
       - Diplomatic Relations With Iraq
       - US Army Trucks Attacked In Kuwait
       - Letter Bomb Injures Editor's Secretary
       - Kuwaiti PM, Assembly Speaker Hail Blackout On Controversial Tape
       - Australia Opens First Embassy In Kuwait In 2004
       - Extradition Treaty With India
  ·   Oman
       - Oman And Yemen Sign Sea Border Agreement
       - Pakistan To Raise Deportees' Torture Issue
  ·   Qatar
       - Reaction To Saddam Hussein Capture
       - Education Tradeshow
  ·   Saudi Arabia
       - Reaction To Saddam Hussein Capture
       - Silent Relief In Saudi Arabia At Saddam's Fall 
       - Senate Ok's Oil Lobbyist For Saudi Post
       - Bandar Counsels Patience On Reforms
       - Background Of The Most Wanted Terrorists
       - Terrorist Gunned Down
       - Saudis Pay Reward For Militant Tip-Off
       - Bush's Iraq A Magnet For Terrorists - Saudi Envoy
       - Embassies Review Security Details
       - Letter From Dhahran: Saudis Get A Taste Of High Security
       - Swiss Uncover Al-Qaeda Cells Planning Attacks In Kingdom
       - Bin-Humaid Welcomes Decision To Empower Shoura Council
       - Al-Khaldi Recants Controversial Fatwas
       - Saudis Seek Courtesy In Religious Police
       - King Fahd Calls For Streamlining Fatwas
       - Schumer: Boot Saudi Diplos
       - Democratic Presidential Candidates Hitting Bush On Ties To Saudi
         Arabia    
       - Khobar Towers Bombing Lawsuit Hits Snag
       - 3 Women Among 36 Sentenced For Al-Olaya Protests
       - Medics Abroad Have To Sit Exams To Qualify For Work Visa
       - Ban On Allocation Of Land For Farming
       - Fire At Jebel Ali Oil Waste Disposal Unit Sparks Health Concerns
  ·   UAE
       - UAE Military Air Flight Center Could Become Regional Force
       - Top French Award For Shaikh Ahmed
       - Emirates Military Order Conferred On Us General
       - UAE And Italy Forge New Bonds Of Friendship  
O   Link Of The Week -  Arab Views
O   GulfWire Flashback - Over Four Years Of GulfWire
O   Business & Finance News
  ·   Region
      - Energy Futures - 12.12.03
      - GCC Summit To Focus On Economic Issues
      - GCC Leaders To Affirm Commitment To Single Currency
      - OPEC To Seek Cooperation From Non-Members
      - Kingdom Delegation To Visit Bahrain      
      - All Gulf States Expected To Acquire F-16s
      - GCC Rail System Only After National Networks Are In Place, Says SRO 
        Chief
      - Iraq To Get More Kuwaiti Petrol
      - 'Bahrain Can Develop As Service Provider To Saudi Industries'
  ·   Bahrain
      - Bahrain's Economy Gets Global Vote Of Confidence
      - Bahrain Sees Major Growth In Exports
      - Bahrain University, Citigroup Join Hands
      - Bahrain To Host Investors' Forum
  ·   Kuwait
      - Kuwait Starts Drive To Attract Investors
      - Kuwait Agrees To Revive Iraq Natural Gas Pact
      - Kuwait Stock Exchange Crosses 4,600 Mark
  ·   Oman
      - MSM May Remain Bullish In 2004
  ·   Qatar
       - Dolphin Project Plan Finalized
       - Hilton Set To Make Foray Into Qatar
       - GCC Insights: Qatar Consolidates Its Gas Sector Development
  ·   Saudi Arabia
       - Saudi Firms In Iraqi Contracts
       - IMF Urges Saudi Arabia To Levy Excise Duty
       - Kingdom To Lend China SR180 Million
       - Consortium To Advise On Railroad Project
       - Exporters Urge To Set Up Joint Iraq-Saudi Banking
       - Saudi Arabia Suggests Cuts In Oil Production In Early 2004
       - Saudi Banks Set To Make Record Profits This Year
       - Australian Trade Minister In Saudi Arabia
       - Saudi Aramco Launches SR2 Billion Power Project
       - Exhibitors Clinch Multimillion Riyal Deals At Jeddah Fair
       - Saudis Own Property Worth SR900 Billion
       - Saudi, German Businesswomen Meet In Jeddah
       - SA To Sign Groundbreaking Trade Agreement With Saudi Arabia
  ·   UAE
       - Dubai Air Show Closes With Over $7.5BN Worth Of Deals
       - Dubai Investing $30B In Aviation Infrastructure
       - GE Aircraft Engines To Set Up Testing Facility
       - Abu Dhabi, Muscat Agree To Link Stock Markets
       - UAE Auto Sector Posts 20PC Growth
       - Tejari Shifts It Platform From US To Dubai

News - Region

SADDAM HUSSEIN CAPTURED
"Former Iraqi president Saddam Hussein was captured without a shot [Dec. 13] by American soldiers who discovered him hiding in the dark of a tiny, underground burrow near his home town.. ..The capture of Hussein, who appeared bedraggled and exhausted after more than eight months on the run, accomplishes a long-sought goal of the Bush administration that U.S. commanders hope will weaken insurgents fighting occupation forces.."  Complete report.. 
Also:
Comprehensive Report -- RFE/RL  
Bremer Briefing Transcript
CENTCOM Briefing Slides

PRESIDENT BUSH SIGNS SYRIA SANCTIONS BILL
"President George W. Bush late [Dec 12] signed a bill aiming to punish Syria for alleged terrorist links and purported efforts to obtain nuclear, biological and chemical weapons. The bill provides for economic and diplomatic sanctions to be imposed on Syria, but also gives Bush the option of waiving penalties.. ..The bill bans trade in items that could be used in weapons programs until the administration certifies that Syria is not supporting terrorist groups, has withdrawn 20,000 troops from Lebanon, is not developing unconventional weapons and has secured its border with Iraq.." Complete report..

GCC MEETING IN RIYADH TO DISCUSS BAN ON CHEMICAL WEAPONS
"The Foreign Ministry's Assistant Undersecretary for Political Affairs and Chairman of the International Organizations Department Prince Torki bin Muhammad bin Saud Al-Kabeer.. ..opened a regional workshop in Riyadh [Dec 8] for the member states of the Gulf Cooperation Council (GCC). Addressing the three-day event, Prince Torki said the agreement to dismantle chemical weapons, which went into force in April 1997, represents a significant landmark on how to get rid of weapons of mass destruction.." Complete report..

CRITICS CONDEMN IRAQ CONTRACT BAN
"Countries set to be excluded from multi-billion reconstruction contracts in Iraq have questioned the logic of a formal ban being imposed by the US.  Old US allies and Russia stand to lose lucrative contracts because they opposed the US-led war. France said it was studying the ban's legality, while the German Government described it as 'unacceptable'. But Washington has firmly defended its decision, describing it as 'appropriate and reasonable'.." Complete report..
Also:
US LINKS CONTRACTS TO FUTURE ASSISTANCE

ANNAN RULES OUT U.N. RETURN TO IRAQ IN NEAR FUTURE
"U.N. Secretary-General Kofi Annan on [Dec 10] said Iraq was still too dangerous for U.N. international staff to return but indicated he was willing to play a bigger role once the U.S.-led occupation ended.. ..He announced the appointment of an expert in humanitarian affairs, Ross Mountain of New Zealand, who would serve as an interim chief of mission until a special representative is appointed to replace Sergio Vieira de Mello, one of 22 people killed in the Aug. 19 bombing of U.N. headquarters in Baghdad.." Complete report..
~~GulfWire Link~~
UN REVIEWS BAGHDAD OPERATIONS - GWD Nov 3, 2003

ABDULLAH, IRAQI MINISTER HOLD TALKS
"Crown Prince Abdullah.. ..held talks [Dec. 13] with Iraq's interim Foreign Minister Hoshyar Zebari. The talks, which were attended by Foreign Minister Prince Saud Al-Faisal, focused on Saudi Arabia's involvement in the rebuilding of the war-torn country and other issues. Zebari is on a regional tour of the Gulf States seeking aid and assistance for the country's reconstruction.." Complete report..

JAPAN BACKS IRAQ TROOPS DISPATCH
"Japan's cabinet has approved sending up to 1,000 non-combat troops to Iraq, its biggest deployment since World War II.  In line with Japan's pacifist constitution, the troops will only be allowed to play a humanitarian role.  But the plan is highly controversial, especially after two Japanese diplomats were killed in Tikrit last month.. ..No timeframe has been given. Mr. Koizumi has vowed to dispatch the troops as soon as the situation is secure.." Complete report..

IRAQ COUNCIL VOTES TO THROW OUT IRANIAN OPPOSITION GROUP
"Iraq's Governing Council voted [Dec 9] to expel the leading Iranian opposition group and confiscate its assets, a surprise move that could alter the regional balance of power. The resolution calls for the eviction of the group's 3,800 members by the end of the month.. ..The Iraqi council's unanimous decision against the People's Mujaheddin, or MEK, is a significant political and security gain for Iran and could marginalize the group.. ..The MEK, which mixes Marxism and Islam, has been on the U.S. list of terrorist organizations since 1999, but some administration hawks had argued that the group could form the basis for an effort to pressure or change the regime in Tehran.." Complete report..

IRAQI REFUGEES RETURN HOME
"More than 400 Iraqi refugees have left the Rafha refugee camp in northern Saudi Arabia after spending 13 years there.. ..the group left in a convoy of eight buses and 11 trucks for Kuwait, where authorities will take charge of the refugees before handing them to British forces who control southern Iraq.." Complete report..
~~GulfWire Links~~
244 IRAQI REFUGEES TO GO HOME THIS WEEK - GWD Aug 4, 2003

FINGERPRINTING A MUST FOR ALL US VISA APPLICANTS
"The US Consulate General has begun collecting fingerprints of visa applicants regardless of nationality. All applicants are required to undergo an electronic scan of each index finger as part of the application process. The new biometric identification procedure is designed to combat visa fraud and forgery.. ..According to a consular press release, the new procedure was developed in response to a Congressional mandate.." Complete report..

BAHRAIN EASES RESIDENCY RULE FOR GCC-BASED EXPATRIATES
"High-level expatriate workers in Saudi Arabia can now relocate their families to Bahrain easier than ever, a senior immigration official told Gulf News. The expatriates, who hold senior position in their Saudi-based companies, including managers, doctors and engineers, can now bring in their families to live in Bahrain without having to get a Bahraini sponsor, Sheikh Ahmed bin Isa Al Khalifa.. ..'They can use their Saudi-based companies as their sponsors in Bahrain,' he explained.." Complete report..

ASDF ADVANCE TEAM TO VISIT QATAR, KUWAIT ON DEC 25
"Japan plans to send an advance team of about 10 Air Self-Defense Force (ASDF) personnel to Qatar and Kuwait on Dec 25 under a special law that allows for the dispatch of Japanese troops to aid the reconstruction of Iraq.." Complete report..

                                                                                                          Back to top

News - Bahrain

BAHRAIN TO REPRESENT BAGHDAD IN US
"Bahrain is to take care of Iraq's interests in the US. Both countries signed a memorandum of understanding [Dec 8].. .. directives and those of the Prime Minister Shaikh Khalifa bin Salman Al Khalifa who both attach huge importance to the development of relations between Bahrain and Iraq and providing the Iraqi people with every necessary support.. "Complete report..

KING DECORATES ARROYO WITH TOP BAHRAIN MEDAL
"His Majesty King Hamad last night decorated visiting Philippines President Gloria Arroyo with the Shaikh Isa bin Salman Al Khalifa Medal First Class. The King also hosted a dinner banquet in honor of President Arroyo and her delegation.." Complete report..

NEW BAHRAIN UNIVERSITY TO OPEN IN FEBRUARY
"A new private university in Bahrain, specializing in information technology and business, is set to open its campus in February.. ..The university will be open to students interested in receiving an education in Business Administration, Information Technology, Finance, and Computer Sciences leading to a Bachelor and Master of Science Degrees, offered in all of these subjects.." Complete report..

SAFE HOUSES FOR ABUSED
"Bahrain is to set up safe houses for foreign workers who are abused by their employers. They will provide refuge to housemaids or any other migrant worker who is abused.. ..the shelters would be funded by the Bahrain government and provide temporary accommodation for expatriate workers who are mistreated by their employers.." Complete report..

                                                                                                          Back to top

News - Kuwait

DIPLOMATIC RELATIONS WITH IRAQ
"Member of the interim governing council in Iraq Ibrahim al-Jaafari said [Dec 9] that Kuwait agreed to resume diplomatic relations with Iraq. The Kuwaiti daily al-Anbaa quoted al-Jafaari as saying that he had held talks to this effect with the Kuwaiti Prime Minister Sheikh Sabah al-Ahmad al-Sabah who informed him that the council can send an ambassador to Kuwait to resume his work.." Complete report..

US ARMY TRUCKS ATTACKED IN KUWAIT
"Gunmen have fired at two US military truck convoys in Kuwait, slightly injuring four US soldiers. The injuries were caused by flying glass from the vehicles' windows.. ..The convoys, traveling on separate roads, came under fire at 1415 GMT and 1445 GMT.. ..The last anti-American attack in Kuwait before Sunday's shootings came in January, when a US civil contractor was killed and another wounded near a US base.." Complete report..
Also:
U.S. CONVOYS ATTACKED IN KUWAIT, 4 SOLDIERS HURT
~~GulfWire Link~~
KUWAITI CONFESSES TO KILLING AMERICAN - GWD Jan 20, 2003

LETTER BOMB INJURES EDITOR'S SECRETARY
"A letter bomb blew up in the hands of a secretary to the editor of a leading Kuwaiti newspaper [Dec 10], wounding him in the face. Walid Dahdouh suffered face cuts and police evacuated the building of Al Siyassah.. ..It was addressed to Ahmed Al Jarrallah, the paper's editor-in-chief, and was post-marked Beirut, Lebanon.. ..The letter bomb was not the first attack on Al Jarrallah. In 1985 he survived an attempt to kill him for which Palestinian militants were thought to be responsible.." Complete report..
Also:
LETTER BOMB TARGETS OUTSPOKEN KUWAIT EDITOR 
KUWAIT INTERCEPTS THREE MORE LETTER BOMBS

KUWAITI PM, ASSEMBLY SPEAKER HAIL BLACKOUT ON CONTROVERSIAL TAPE
"The Kuwaiti prime minister and parliament speaker [Dec 9] praised a decision by local dailies not to publish news about an audiotape by a Muslim Shiite activist that infuriated the Sunni majority here.. .. The audiotape is reported to contain remarks highly abusive of Islam's first two Caliphs, Abu Bakr Al Siddiq and Omar Ben Al Khattab, the Prophet Mohammad's two most senior companions who are revered by Sunnis but not the Shiites. The man who made the recording and put it on sale has been arrested and remanded in jail for 21 days pending a trial.." Complete report..

AUSTRALIA OPENS FIRST EMBASSY IN KUWAIT IN 2004 
"Australia will open an embassy here for the first time in December, 2004, Australian Minister of Trade and Commerce Mark Vaile told KUNA on [Dec 7] before leaving the country after a two day visit.. ..He said Kuwait had the distinction of being an appropriate gate to doing business with countries of the Gulf region, especially Iraq , which he affirmed was on the threshold of becoming a hub of economic prosperity in the Gulf area.." Complete report..

EXTRADITION TREATY WITH INDIA
"India will sign an extradition treaty with Kuwait, which provides a legal framework for extraditing fugitive offenders including those facing charges of economic crimes.. ..Under the treaty, any person accused or convicted of an extraditable offence, shall be extradited whether such offence was committed before or after its entry into force.." Complete report..

                                                                                                          Back to top

News - Oman

OMAN AND YEMEN SIGN SEA BORDER AGREEMENT
"The Sultanate and Yemen signed at the Foreign Ministry [Dec 15] the Sea Border agreement during the meetings of the joint political committee.. .. Yousef bin Alawi bin Abdullah, Minister Responsible for Foreign Affairs signed the agreement on behalf of the Omani side, while Dr. Abu-Bakr Abdullah al-Qarbi, Yemeni Foreign Minister signed for his side adding 'Alawi said this agreement followed the demarcation of the land border, adding that the two countries' leaderships were always keen to set an example in the brotherly relations'.." Complete report..

PAKISTAN TO RAISE DEPORTEES' TORTURE ISSUE
"Islamabad is to take up with the authorities of Oman the allegations made by Pakistanis deported [Dec 11] that they were tortured in Muscat jails. As many as 1,025 Pakistanis returned home by sea on Wednesday, after they had been jailed for illegal entry and employment in Muscat. Many of them showed the marks of torture on their backs, which they say they received while in jail.." Complete report..
~~GulfWire Link~~
OMAN DEPORTS 850 PAKISTANIS - GWD Sep 15, 2003

                                                                                                          Back to top

News - Qatar

REACTION TO SADDAM HUSSEIN CAPTURE
"Qatari Foreign Minister Hamid bin Jasim bin Jaber al-Thani told Al-Jazeera television in Doha, 'We call upon the Iraqi people, with all their sects and political affiliations, to cement their national unity so that they can achieve their aspirations in forming an elected national government and maintain Iraq's independence. We hope that this event will prompt the Coalition [Provisional] Authority to help the Iraqi people realize their aspirations so that they can resume their normal role.'" Source: RFE/RL Iraq Report Vol. 6, No. 52, 15 December 2003

EDUCATION TRADESHOW
"A total of 24 renowned universities and colleges from various parts of the UK are showcasing the educational degrees and courses they offer at this year's Education UK Exhibition (Edukex- 2003), which opened at the Ramada Hotel here [Doha Dec 9]. The annual event is hosted by the British Council Doha.." Complete report..

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News - Saudi Arabia

REACTION TO SADDAM HUSSEIN CAPTURE
"..Ambassador to the United States Prince Bandar bin Sultan issued a statement in Washington, saying: 'The capture of Saddam Hussein will end an infamous chapter of history for Iraq and the region. Saddam Hussein was a menace to the Arab world, and his reign of terror will be remembered for its brutality, aggression, and oppression. His capture is another step in Iraq's path toward peace and unity for all of its people.... We wish the Iraqi people success in rebuilding their country and their institutions, and stand by them in their hour of need.'" Source: RFE/RL Iraq Report Vol. 6, No. 52, 15 December 2003

SILENT RELIEF IN SAUDI ARABIA AT SADDAM'S FALL 
"Finally rid of a menacing neighbor, Saudi Arabia has greeted the U.S. capture of Saddam Hussein with silent relief tinged with concern over Washington's future plans for Iraq and the Gulf. In stark contrast to Kuwait, the tiny emirate briefly occupied by Saddam's forces 13 years ago, there was no jubilation in Saudi streets and the kingdom's rulers marked a final chapter in the Iraqi leader's demise without comment.." Complete report..

SENATE OKS OIL LOBBYIST FOR SAUDI POST
"The Senate on [Dec 9] confirmed Texas oil lobbyist James Oberwetter to be ambassador to Saudi Arabia. Oberwetter, 59, promised in his confirmation hearings to encourage democratic reforms and tolerance for other religions if confirmed. But he'll also be expected by some in Congress to foster more cooperation from Saudi Arabia in fighting terrorism.." Complete report..
Also:
NEW US ENVOY MAY TAKE CHARGE NEXT MONTH

BANDAR COUNSELS PATIENCE ON REFORMS
"Prince Bandar ibn Sultan, Saudi ambassador to the US, has highlighted the Kingdom's role in combating terrorism. In a speech during a party hosted by the Houston Council for International Affairs and the James Baker Institute for the Public Policy, Prince Bandar hailed the cooperation between the US and Saudi Arabia to face down terrorism.. ..The prince said the Kingdom was moving forward with social and political reforms but counseled patience. "If you really are our friends... don't rush us,'.." Complete report..

BACKGROUND OF THE MOST WANTED TERRORISTS
"In coordination with the government and in an effort to rid the Kingdom of terrorists, Arab News is publishing some background information on the terror suspects.." Complete report..
Also:
BACKGROUND OF THE MOST WANTED TERRORISTS: PART 2
BACKGROUND OF THE MOST WANTED TERRORISTS: PART 3
BACKGROUND OF THE MOST WANTED TERRORISTS: PART 4

TERRORIST GUNNED DOWN
"One of the Kingdom's most wanted terrorists was killed and another arrested following a shootout with security forces in Al-Suwaidy in south Riyadh [Dec 8].  An official from the Interior Ministry named the victim as Ibrahim ibn Mohammed ibn Abdullah Al-Rayyes.. ..He was one of a list of 26 published this week who are sought by the security forces for their role in the Al-Muhaya suicide attacks on Nov. 8.." Complete report..
~~GulfWire Links~~
REWARDS POSTED FOR TERRORISTS - GWD Dec 8, 2003

SAUDIS PAY REWARD FOR MILITANT TIP-OFF
"Saudi Arabia, which is offering cash rewards for information which thwarts militant attacks, has paid $270,000 for a tip-off which led to the killing of one of the country's top suspects.. ..Interior Ministry officials said the money was paid on Tuesday, a day after the death of Ibrahim Al Rayes in a shootout at a Riyadh petrol station, but gave no details about the informant.. ..[Dec 10] payment was the first awarded since the Saudi government promised rewards a week ago of up to $1.9 million.." Complete report..

BUSH'S IRAQ A MAGNET FOR TERRORISTS - SAUDI ENVOY
"Far from quelling a terrorist threat, President Bush's war on Iraq created a new one, Saudi Arabia's ambassador to Britain said on [Dec 11]. 'When the United States and Britain invaded Iraq, the promise of bringing peace and security was important in the expositions of both the American and British leaderships,' Prince Turki al-Faisal said. 'Unfortunately, that promise still has to be realized. The daily firefights, explosions and violence are making even those who believed the initial promise skeptical'.." Complete report.. 

EMBASSIES REVIEW SECURITY DETAILS
"A string of attacks in the Kingdom, the most recent being the suicide attack on Al-Muhayya Compound in Riyadh on Nov. 8, has forced foreign embassies to review their security details and upgrade safety precautions. Most foreign missions have also canceled their national day celebrations, official receptions, commercial events as well as social, cultural and community programs in view of security threats.." Complete report..

LETTER FROM DHAHRAN: SAUDIS GET A TASTE OF HIGH SECURITY
"Saudi Arabia has entered a new phase in its war on terror. Virtually no day passes without a report of any extremist related incidence. Security is at all time high.. ..But it seems despite the almost daily crackdown on the militants, they are still some way from being overpowered. The list of 26 most wanted, released earlier this week, had many new names. Those names were never heard of or implicated earlier wanted.. ..This is a very stark development in real sense.." Complete report..

SWISS UNCOVER AL-QAEDA CELLS PLANNING ATTACKS IN KINGDOM
"Swiss security forces have uncovered a number of Al-Qaeda cells planning terrorist attacks in Saudi Arabia.. ..The Swiss authorities were alerted to the terrorist cells while tapping telephone conversations of Khaled Sheikh Muhammad, the alleged mastermind of the Sept. 11 attacks. Khaled Sheikh was arrested in Pakistan last March and has been extradited to the US.." Complete report..

BIN-HUMAID WELCOMES DECISION TO EMPOWER SHOURA COUNCIL
"Shoura Council Chairman Dr. Saleh Bin-Humaid has hailed a royal decree strengthening the 120-member consultative body and said it showed the government was serious about reforms.. ..'These changes have given more powers to the council, provided greater flexibility in its performance and widened its area of influence in issues concerning citizens and the nation'.." Complete report..
~~GulfWire Links~~
REGIONAL COUNCILS TO HAVE MORE POWERS: SULTAN - GWD Dec 1, 2003

AL-KHALDI RECANTS CONTROVERSIAL FATWAS
"Sheikh Ahmad Al-Khaldi, known for his extremist views, has become the third religious scholar to recant his fatwas encouraging terrorism. In a pre-recorded interview aired on Saudi Arabian Television [Dec 14], Al-Khaldi said his edicts sanctioning armed resistance against the police and intelligence officers were based on 'wrong assumptions'.. ..Al-Khaldi was arrested along with Sheikh Nasser Al-Fahd and Sheikh Ali Al-Khudair after they urged Saudis not to cooperate with security forces trying to track down suspects behind the May bombings in Riyadh. All three have now recanted.." Complete report..
~~GulfWire Link~~
KHUDAIR REPENTS SUPPORTING TERROR ATTACKS - GWD Nov 24, 2003

SAUDIS SEEK COURTESY IN RELIGIOUS POLICE
"Saudi Arabia's religious police - long resented for intimidating people and meddling in the tiniest details of life - are being trained to be more courteous in their job of enforcing the kingdom's strict version of Islamic law.. ..Sheik Ibrahim al-Ghaith, chief of the 5,000-man religious police, told The Associated Press in a rare interview with the Western media that modernizing the agency and making it more professional is a priority.." Complete report..
~~GulfWire Link~~
SPECIAL TRAINING FOR RELIGIOUS POLICE - GWD Jun 16, 2003

KING FAHD CALLS FOR STREAMLINING FATWAS
"Custodian of the Two Holy Mosques King Fahd [Dec 13] called on Islamic scholars to counter extremism and misguided religious edicts by correcting Islamic thinking and streamlining fatwas.. ..the king said scholars must 'highlight the dangers which extremism poses to Muslim faith and conduct,'.." Complete report..

SCHUMER: BOOT SAUDI DIPLOS
"Charles Schumer wants the State Department to expel two Saudi diplomats who are set to appear at an Islamic conference in Houston featuring a speaker who has encouraged young Saudis to join al Qaeda. Schumer (D-N.Y.) also raised questions about whether the Saudi Embassy is sincere about following through on its pledge last week to stop sponsoring Islamic Affairs programs that spread fanatical Islam.." Complete report..

DEMOCRATIC PRESIDENTIAL CANDIDATES HITTING BUSH ON TIES TO SAUDI ARABIA
"Seeking to blunt any political gains President Bush derives from the war on terror, Howard Dean and other Democratic presidential hopefuls are making the case that the administration's close ties with Saudi Arabia have led it to overlook a major source of anti-American extremism.  Seizing on a generally low opinion of Saudi Arabia among Americans, the Democrats have portrayed the administration as so wedded to Middle East oil that it is blind to extremism and terror financed by oil profits.." Complete report..

KHOBAR TOWERS BOMBING LAWSUIT HITS SNAG
"The Justice Department has not given permission for the star witnesses to testify in a lawsuit against Iran over a 1996 terrorist bombing, and a judge suggested [Dec 12] that she might dismiss the case. Former FBI Director Louis Freeh and the agency's former counter terror chief, Dale Watson, want to testify.. .. The hang-up, attorney Hank Walther said, is lack of permission for the two men's testimony from the highest levels of the Justice Department.. ..A message left at the Justice Department late [Dec 12] was not returned.." Complete report..

3 WOMEN AMONG 36 SENTENCED FOR AL-OLAYA PROTESTS
"A Riyadh court has sentenced 36 citizens including three women to 55 days in prison for demonstrating in Riyadh two months ago.. ..The group held a protest rally on Oct. 14 in response to calls from an exiled dissident group. Interior Minister Prince Naif had warned anyone staging demonstrations in violation of the law would be punished.." Complete report..
~~GulfWire Link~~
SAUDI POLICE QUASH PROTEST RALLY - GWD Oct 20, 2003

MEDICS ABROAD HAVE TO SIT EXAMS TO QUALIFY FOR WORK VISA
"Overseas doctors and medical technicians will have to sit an exam in their countries to qualify for a Saudi work visa, the Saudi Authority for Medical Specialization (SAMS) has announced. The new rule, effective from Jan. 1, comes after reports that medical practitioners from some African and Asian countries failed exams conducted by the authority here or were found to have fake qualifications.." Complete report..

BAN ON ALLOCATION OF LAND FOR FARMING
"The government has imposed a five-year ban on the allocation of public land for farming to address the increasing water shortage. The national water plan by the Ministry of Water and Electricity calls for an overhaul of the current policy of allocating land for agricultural use. Crop production in the Kingdom consumes inordinate quantities of water. Regional officials have been instructed to ensure the moratorium is enforced.." Complete report..

FIRE AT JEBEL ALI OIL WASTE DISPOSAL UNIT SPARKS HEALTH CONCERNS
"A massive fire erupted in an oil waste disposal and treatment complex in Jebel Ali [Dec 10] billowing huge clouds of black smoke all over the area, raising health and ecological concerns. No injuries were reported in the blaze, which took hours for firefighters to extinguish.." Complete report.. 

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News - UAE

UAE MILITARY AIR FLIGHT CENTER COULD BECOME REGIONAL FORCE
"The United States, Britain and France are jointly setting up with the United Arab Emirates (UAE) a military air flight training center here that could eventually lead to joint exercises by Gulf countries, Egypt and Jordan.. .. The Air Warfare Center, which will be set up at the UAE's Al-Dhafra Airbase, will be owned and run by the Emirati government.. .. the United States, Britain and France would all take part in any joint air exercises taking place at the centre in the future.." Complete report..

TOP FRENCH AWARD FOR SHAIKH AHMED
"French President Jacques Chirac has honored Shaikh Ahmed bin Saeed Al Maktoum, Emirates Group Chairman, with France's highest award. French Transport and Tourism Minister Gilles de Robien  presented Sheikh Ahmed with the "Commandeur de l'Ordre de la Legion d'Honneur" - the Legion of Honor.." Complete report..
Also:
TOP HONOR FOR A DISTINGUISHED CAREER

EMIRATES MILITARY ORDER CONFERRED ON US GENERAL
"President His Highness Sheikh Zayed bin Sultan Al Nahyan, Supreme Commander of the UAE Armed Forces, conferred the Emirates Military Order First Class on General Michael Moseley, Vice Chief of Staff of the US Air Force.  The honor was bestowed on General Moseley in recognition of his outstanding services to the UAE Armed Forces, which contributed to the reinforcement of cooperation between the UAE and US, particularly in the military sphere.." Complete report..

UAE AND ITALY FORGE NEW BONDS OF FRIENDSHIP
"UAE and Italian authorities [Dec 10] announced the establishment of a new friendship association to promote closer cultural, scientific and social relations. The Emirati-Italian Friendship Association will enhance the ties between the two countries and support joint initiatives in the cultural, humanitarian and scientific domains.." Complete report..

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Link of the Week / GulfWire Flashback - Four Years of GW

LINK OF THE WEEK

ARAB VIEW

Arab View is a collection of articles written by leading journalists and editors in the Middle East. Arab View contains articles from a wide variety of sources. [more]

<<ONE YEAR AGO>>
GULFWIRE DIGEST (#175) WEEK OF DEC 16, 2002

GULF CUSTOMS UNION RECEIVES GO-AHEAD
"Finance ministers of Gulf Cooperation Council (GCC) states have confirmed they will launch their customs union on 1 January.. ..The union between Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates means a flat 5% tariff will be charged on goods and services across the
trade block.." 
 

<<TWO YEARS AGO>>
GULFWIRE DIGEST (#126) WEEK OF DEC 17, 2001

MANY ARABS NERVOUS ABOUT ATTACK ON IRAQ
"Most Arab governments share the American sentiment that removing Saddam Hussein could much improve the neighborhood. But there is little stomach for watching the United States take war to yet another Islamic nation.." 

<<THREE YEARS AGO>>
GULFWIRE DIGEST (#76) WEEK OF DEC 18, 2000

GLOBAL TRENDS 2015: A DIALOGUE ABOUT THE FUTURE WITH NONGOVERNMENT EXPERTS
"Over the past 15 months, the National Intelligence Council (NIC), in close collaboration with US Government specialists and a wide range of experts outside the government, has worked to identify major drivers and trends that will shape the world of 2015."

 <<FOUR YEARS AGO>>
GULFWIRE DIGEST (#23) WEEK OF DEC 13, 1999

WOMAN IN MINISTERIAL POST
"A woman in the Education Ministry has been assigned some ministerial functions according to a Kuwait News Agency report cited by Reuters last Tuesday.  Education Minister Youssef al-Ibrahim assigned some ministerial duties -- power to make some appointments and decide some salaries -- to Rasha al-Sabah, an undersecretary in the Ministry.  In November the Kuwaiti Parliament reversed the move to grant political rights to women."

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Business - Region

[GulfWire] ENERGY FUTURES - 12.12.03
Light Crude (NYM) $32.45 bbl UP from $30.73 bbl on 12.05.03
Brent Crude (IPE) $29.73 bbl UP from $28.09 bbl on 12.05.03
Heating Oil (NYM) $.91 gal UP from $.8636 gal on 12.05.03
Natural Gas (NYM) $6.76 mmbtu UP from $6.135 mmbtu on 12.05.03
Unleaded Gas (NYM) $.885 gal UP from $.8513 gal on 12.05.03 
Source: CNNfn

OPEC Price Band (Source: EIA, DOE)
The Best Energy Resource in the World:
Country Analysis Briefs
by DOE/EIA

GCC SUMMIT TO FOCUS ON ECONOMIC ISSUES
"Major economic issues such as the GCC monetary union, the unified currency, the power grid project and the joint oil pipeline will top the agenda of the upcoming GCC summit in Kuwait.. .. Abdul Rahman Al-Atiyya said the Dec. 21 summit will also discuss measures to develop school curricula in the six member states.." Complete report..
~~GulfWire Link~~
COUNTER POINT: GCC COUNTRIES MOVING TO TACKLE CHALLENGES - 
GWD Oct 27, 2003

GCC LEADERS TO AFFIRM COMMITMENT TO SINGLE CURRENCY
"The GCC heads of state meeting in Kuwait this month are expected to affirm their commitment to an historic agreement involving the unification of their customs tariffs and the creation of the region's first monetary union. Although they will not be free of obstacles, the six nations are determined to push ahead with the two landmark projects that could eventually lead to an EU-style single economic entity and strengthen the GCC's fiscal and economic position.." Complete report..

OPEC TO SEEK COOPERATION FROM NON-MEMBERS
"Non-OPEC oil exporting countries will be asked to participate in a potential reduction of the global oil supply that OPEC could decide for the second quarter of 2004, ministers from the oil organization said here [Dec 13]. They were speaking against a background of surging oil prices in the face of higher demand and ahead of a meeting of the Organization of Petroleum Exporting Countries slated for Feb. 10 in Algiers.." Complete report..

KINGDOM DELEGATION TO VISIT BAHRAIN
"A 30-member Saudi business delegation will visit Bahrain from Dec. 23 to 24 to explore prospects of boosting commercial ties between the two GCC countries.. .. Jasim Al-Shadi, secretary-general of the Bahraini chamber, highlighted the Saudis' growing business interests in his country, which he said Manama was doing its best to facilitate.." Complete report..

ALL GULF STATES EXPECTED TO ACQUIRE F-16S
"All the Gulf States are likely to have the F-16 advanced fighter aircraft following the growing interest from Saudi Arabia and Qatar. Preliminary negotiations have started and are progressing, officials of Lockheed Martin, the manufacturers, said [Dec 12].. ..Bahrain already has the Block 40 F-16s while the UAE and Oman have signed contracts with deliveries to begin in the last quarter of next year 
and 2005 respectively. That leaves only Kuwait to decide about the aircraft.." Complete report..

GCC RAIL SYSTEM ONLY AFTER NATIONAL NETWORKS ARE IN PLACE, SAYS SRO CHIEF
"There can be no Gulf-wide railway network until GCC states set up internal networks first, Khaled Al-Yahya, president of the Saudi Railways Organization (SRO), said [Dec 9].. ..The Kingdom's own rail network will be completed in five years' time.. ..He expressed hope that the five other Gulf Cooperation Council countries would have completed their networks by then and be ready for the proposed inter-GCC rail network.." Complete report..
~~GulfWire Links~~
$4BN GULF RAILWAY PROJECT 'NEEDS FURTHER STUDY' - GWD Jun 16, 2003

IRAQ TO GET MORE KUWAITI PETROL
"Kuwait agreed [Dec 11] to supply its former occupier Iraq with additional quantities of petrol to help the war-torn nation meet an acute fuel shortage.. ..The two nations have formed a technical team to study the most appropriate means to make the shipments, whether by land, sea or through the pipeline that was set up during the US-led war on Iraq to supply coalition forces, he said. Kuwait currently supplies Iraq and US troops there with some two million liters 
(439.94 gallons) of petrol daily.." Complete report..

'BAHRAIN CAN DEVELOP AS SERVICE PROVIDER TO SAUDI INDUSTRIES'
"A developmental and industrial economist from Oxford, Dr Sanjaya Lall, says that Bahrain can leverage its proximity to Saudi Arabia and develop as a service provider to its bigger neighbor but needs to develop an indigenous talent pool with a wide range of skill sets to succeed in a world where high-tech industry dominates industrial development.. ..Dr Lall, who has spent 20 years tracing the structure of the world economy in terms of what kind of industries lead to 
faster economic growth and more exports, said that the slowest industries in terms of growth potential were resource-based ones favored by the GCC.." Complete report..

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Business - Bahrain

BAHRAIN'S ECONOMY GETS GLOBAL VOTE OF CONFIDENCE
"Bahrain's economy got a global vote of confidence [Dec 9]. It came from international organization Fitch Ratings, which put Bahrain's long-term foreign currency rating at A- (A minus), its short-term foreign currency rating at F1 and its long-term local currency rating at A. The outlook on the long-term ratings remains stable, said the agency, citing political reform and economic diversification as key strengths.." Complete report..

BAHRAIN SEES MAJOR GROWTH IN EXPORTS
"The private sector exports in Bahrain has rocketed during the last 10 years, jumping from BD118 million in 1992 to BD312m in 2002. The average annual growth reached 16.4 per cent, representing 47.5pc of the total non-oil exports.. .. The exports that witnessed a boost during the last decade were textiles, which were mainly, imported by the United States, followed by paper, chemical and metal products.." Complete report..

BAHRAIN UNIVERSITY, CITIGROUP JOIN HANDS
"University of Bahrain and Citigroup has forged "a strategic alliance" under which the bank's New York-based social investment arm, the Citigroup Foundation, will pay the tuition fees of 53 students from low-income families over the next four years.. ..the 53 students would join the Bahrain-based bank when they graduate.." Complete report..

BAHRAIN TO HOST INVESTORS' FORUM
"Bahrain has been chosen to host the 11th Conference of Arab Businessmen and Investors in 2005. The news comes after a Bahraini delegation led by Commerce Minister Ali Saleh Al Saleh - which featured businessmen and representatives of the Bahrain Chamber of Commerce and Industry - took part in the 10th such event in the Algerian capital, Algiers.." Complete report..

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Business - Kuwait

KUWAIT STARTS DRIVE TO ATTRACT INVESTORS
"Kuwait, hungry for foreign capital to boost its sluggish economy following Saddam Hussein's ouster in neighboring Iraq, [Dec 8] kick started a drive aimed at luring foreign investments.. ..The ultimate objective of the campaign is to turn Kuwait into a 'regional financial, commercial and services center' for neighboring Gulf states and the Asian markets.." Complete report..

KUWAIT AGREES TO REVIVE IRAQ NATURAL GAS PACT
"Kuwait and Iraq agreed {Dec 11] to revive a pre-Gulf crisis agreement to pipe 200 million cubic feet of natural gas from Iraq to Kuwait.. ..This is the first major agreement between the two countries since a US-led coalition toppled the regime of Saddam Hussein in April.." Complete report..
Also:
KUWAIT TO IMPORT NATURAL GAS FROM IRAQ 
~~GulfWire Link~~
IRAQ GAS 'TO PAY KUWAIT DEBTS' - GWD Nov 24, 2003

KUWAIT STOCK EXCHANGE CROSSES 4,600 MARK
"The Kuwait Stock Exchange, the second largest in terms of capitalization in the Arab world.. ..closed the week's opening trading day at 4,615.20 points - up 0.7 percent on last week's closing.. ..The KSE is now up a whopping 94.3 percent since the beginning of 2003. Its capitalization stands at around $59 billion.." Complete report..

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Business - Oman

MSM MAY REMAIN BULLISH IN 2004
"The Muscat Securities Market (MSM) is expected to remain bullish in 2004 after witnessing a sterling performance during the current year.. .. In real terms, the MSM general price index has registered a record growth of 41.36 per cent since December-end 2002. The index touched a high of 271.22 points on December 11, 2003 by registering a handsome gain of 79.36 points as against 191.86 points recorded as at the end of December last year.. .. The banks and investment companies index, the heavy-weighted segment on the MSM, representing about 55-60 per cent of traded shares in terms of value, touched 363.4 points on Thursday compared with 240.11 points recorded on December 31, 2002, showing a growth of 51.34 per cent.." Complete report..

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Business - Qatar

DOLPHIN PROJECT PLAN FINALIZED
"Qatar Petroleum and Dolphin Energy [Dec 11] announced they had signed and sealed the final investment decisions needed to give the green light to the mammoth Dolphin gas project. State-owned Qatar Petroleum and GCC energy vehicle Dolphin Energy effectively put the finishing touches to the final field development plan for the project. This involves the production and processing of natural gas from Qatar's North Field and transporting it to the UAE.." Complete report..

HILTON SET TO MAKE FORAY INTO QATAR
"The $60M, Hilton Doha, a five-star hotel located near the capital's Diplomatic Area in West Bay, will open doors to guests by early 2006, in time for the Asian Games to be hosted in Doha later that year.. ..The property will be owned by the New Doha Hotel Co and managed by the Hilton group, under a 15-year contract that was signed between the two companies on [Dec 8].." Complete report..

GCC INSIGHTS: QATAR CONSOLIDATES ITS GAS SECTOR DEVELOPMENT
"Qatar is not only diversifying the economy away from oil, but is busy ensuring diversification within the emerging gas sector. During the past few years, Qatar has been producing natural gas for power generation and other industrial projects plus LNG for export purposes. Recently, the country has made headway in two other areas, namely gas-to-liquids (GTL) and piping gas to fellow GCC countries.." Complete report..

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Business - Saudi Arabia

SAUDI FIRMS IN IRAQI CONTRACTS
"Four Saudi firms are among a group of international companies, which won construction contracts in Iraq, it has been revealed. The participating Saudi firms are: Al-Gosaibi Services, National Contracting, Riyadh Geotechnique and Tamimi Global Company.. ..The publication of the list of company names comes after the Bush administration drew international criticism for banning opponents of the Iraq war from US-funded reconstruction contracts.." Complete report..
~~GulfWire Link~~
US WANTS SAUDIS TO BID FOR IRAQ CONTRACTS - GWD Dec 8, 2003

IMF URGES SAUDI ARABIA TO LEVY EXCISE DUTY
"An International Monetary Fund (IMF) assessment of Saudi Arabia's economic situation has recommended the introduction of excise duty on selected consumer goods to compensate partly for the loss of customs revenues arising from the adoption of the unified customs tariffs by the Gulf Cooperation Council (GCC).. ..The recommendation by the IMF Executive Board comes in the wake of the kingdom concluding an Article IV Consultation with the Fund. The Consultation is intended to strengthen IMF surveillance over the economic policies of member countries by increasing the transparency of the IMF's assessment of these policies.." Complete report..

KINGDOM TO LEND CHINA SR180 MILLION
"China will be the recipient of SR180 million soft loan facility extended by Saudi Arabia. A delegation from the Saudi Fund for Development (SFD) will visit Beijing next week to sign an agreement to finance the execution of two major road projects in China for which part of the loan facility will be utilized.. ..During the first 10 months of this year, China posted a $2.5 billion trade deficit with Saudi Arabia, up 84.9 percent compared to the same period last year.." Complete report..

CONSORTIUM TO ADVISE ON RAILROAD PROJECT
"Saudi Arabia has appointed a consortium consisting of the Union Bank of Switzerland (UBS) and the National Commercial Bank (NCB) to provide financial advisory services for the Saudi railway expansion project.. ..The railway project comprises a land bridge linking Jeddah to Dammam via Riyadh (to be called the Saudi Land Bridge) and a rail link between the holy cities of Makkah and Madinah via Jeddah.." Complete report.. 
~~GulfWire Link~~
EIGHT LOCAL, INT'L FIRMS COMPETE FOR RAILWAY PROJECTS - GWD Jan 13, 2003

EXPORTERS URGE TO SET UP JOINT IRAQ-SAUDI BANKING
"Saudi exporters have urged the Council of Saudi Chambers of Commerce and Industry to study the possibility of setting up joint banking between Saudi Arabia and Iraq in order to protect the interests of Saudi businessmen.. .. Businessmen say that sending goods to Iraq is unsafe because of the absence of law and order. They feel that the proposed bank would help by ensuring payments.." Complete report..

SAUDI ARABIA SUGGESTS CUTS IN OIL PRODUCTION IN EARLY 2004
"Saudi Arabia, being the leading producer among OPEC members, has suggested that production should be cut down to support acceptable price levels, in the early part of 2004. Saudi Arabia's Oil Minister, Ali Al Naimi has recommended at a recent meeting that the volume of production should be cut as early as February. The actual cuts will be decided in another meeting, which would take place in January 2004.." Complete report..
~~GulfWire Link~~
OPEC KEEPING PRICES TOO HIGH: IEA - GWD Nov 10, 2003

SAUDI BANKS SET TO MAKE RECORD PROFITS THIS YEAR
"Strong oil prices and better investment performance boosted the net earnings of Saudi Arabia's banks by 14.3 per cent in the first nine months of this year. The banks profits are forecast to hit a record high for the year.. ..A breakdown showed the banks' profitability growth was led by a number of factors including a 6.7 per cent increase in net special commission income which amounted to around 10.8 billion riyals ($2.88 billion) in the first nine months of this year compared with nearly 10.1 billion riyals ($2.69 billion) in the same period last year.." Complete report..

AUSTRALIAN TRADE MINISTER IN SAUDI ARABIA
"Australian Trade Minister Mark Vaile has arrived here for talks aimed at avoiding a repeat of the incident in August when a shipment of sheep circled the Gulf for 11 weeks looking for a port to accept them, thousands dying in the process. Saudi Arabia had refused to accept the 52,000 sheep, claiming they were infected with scabby mouth disease. Australia retaliated by suspending the export of livestock to the kingdom.." Complete report..
~~GulfWire Link~~
SAUDI SHEEP SHIPMENTS ON HOLD - GWD Sep 8, 2003

SAUDI ARAMCO LAUNCHES SR2 BILLION POWER PROJECT
"Saudi Arabia's state-owned oil and gas giant Aramco said [Dec 12] it has launched a private finance initiative worth SR2 billion ($533 million) to build power stations supplying four of its industrial sites in the Eastern Province. A special purpose company, jointly owned by a Saudi and foreign company, would be created to build, finance and operate the "cogeneration" power plants.." Complete report..

EXHIBITORS CLINCH MULTIMILLION RIYAL DEALS AT JEDDAH FAIR
"Deals worth millions of riyals were struck or projected between overseas exhibitors and local businessmen during Saudi Arabia's International Trade Fair, which closed on [Dec 12] night after a five-day run here.. ..The fair had a record attendance of more than 13,000 registered visitors.." Complete report..

SAUDIS OWN PROPERTY WORTH SR900 BILLION
"Saudis own property worth more than SR900 billion, topping the list of Arab businessmen, according to a study conducted by the Federation of Arab Banks.. ..The study covering 200,000 businessmen in the Arab world said they owned more than SR3 trillion at the end of last year, with 78,000 Saudi businessmen owning SR903 billion.." Complete report..

SAUDI, GERMAN BUSINESSWOMEN MEET IN JEDDAH
"The first meeting of the new women's committee of the Saudi German Business Group was held recently at the residence of the German consul general. It was attended by a number of Saudi businesswomen, both Saudi and German. Those attending saw the first joint venture contract signed between a Saudi and a German businesswoman.." Complete report..

SA TO SIGN GROUNDBREAKING TRADE AGREEMENT WITH SAUDI ARABIA
"South Africa is poised to sign a groundbreaking agreement with the Kingdom of Saudi Arabia that will see businesses in both countries involved in reciprocal investment deals. The reciprocal protection and promotion of investments agreement, will be signed next year in South Africa when the Saudi Trade and Commerce Minister Hashim bin Abdullah Yamani visits Pretoria, to further explore trade relations between the two countries.." Complete report..

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Business - UAE

DUBAI AIR SHOW CLOSES WITH OVER $7.5BN WORTH OF DEALS
"The world's third largest air show wound up in Dubai [Dec 11] with at least $7.5 billion worth of deals signed amid fierce competition between civil and military aviation leaders for a slice of the region's fast growing market.  Qatar stole the show on the civilian side by firming up an order with Airbus Industries worth about $3 billion for new aircraft and announcing it will soon tender construction contracts valued at about $2.5 billion for Doha's new international airport.." Complete report..
Also: 
ORDER BOOK TOPS $3.5 BILLION

DUBAI INVESTING $30B IN AVIATION INFRASTRUCTURE
"Dubai's total investment of more than $30 billion will make it the largest aviation hub in the Middle East and transform its carrier, Emirates, into a global airline.. ..These investments comprise $26 billion for the expansion of Emirates airline and $4.1 billion for that of Dubai International Airport.." Complete report..

GE AIRCRAFT ENGINES TO SET UP TESTING FACILITY
"Emirates and GE Aircraft Engines (GEAE) [Dec 8] agreed to set up a $45 million advanced jet engine testing facility in Dubai.. ..Construction of the 6,000 square meter facility, with a 13-meter cross section test chamber, is scheduled to begin in 2004, and be completed for 2006. The test facility is an indoor jet engine test stand with a data acquisition system and engine 'preparation to test' area.." Complete report..  

ABU DHABI, MUSCAT AGREE TO LINK STOCK MARKETS
"..Abu Dhabi and Muscat agreed at the end of the two-day meeting of the UAE-Oman Higher Cooperation Committee here to enhance economic and trade ties. The committee instructed the authorities concerned to take adequate measures for e-linkage between the Abu Dhabi Securities Market (ADSM) and Muscat Securities Market (MSM), paving the way for a joint listing of companies.." Complete report..

UAE AUTO SECTOR POSTS 20PC GROWTH
"Going beyond the worries brought about by the Iraq conflict earlier in the year and speed breakers by way of currency fluctuations, the UAE's automobile sector responded with a strong 20 per cent growth this year. While estimates for the final tally are still coming in, industry sources suggest a strong finish to the year is the most likely scenario with volumes at around the 117,000 to 120,000 mark.." Complete report..

TEJARI SHIFTS IT PLATFORM FROM US TO DUBAI
"The Dubai Government-owned electronic marketplace operator Tejari has shifted its entire IT infrastructure from the US to Dubai Internet City (DIC) - in line with the target it had set out to achieve when it went operational in 2000.. ..it will continue to maintain a disaster recovery site in the US. But there are plans to have the site located in Dubai in another 12 months or so.." Complete report..


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